Every dice investment diary.

[Holdaaja]

I noticed that site profit was -50BTC (!!!) so I decided to invest 0.2BTC and see how it goes!


Site stats at 23.5.2014 (starting day).

Bets	Site Wagered	Site Profit	Total Invested	Max win
884427	12506.157	-51.25135	305.81695	3.0581695

My investments stats (updating every day).

Date	Investment	Bankroll %
23.5.2014	0.2BTC	0.06537540%

[1714981610]

1714981610

[1714981610]

1714981610

[1714981610]

1714981610

[ondratra]

What site you are talking about?

[Zuminest]

Possibly everydice.com but atm their site seems to be down. I get a plain page w a message that they are under maintenance.

[Holdaaja]

I'm now back from my 1 week ban.

So there is what happened if someone want to know:
1DiCe1 kept playing and my investment went to 0.16BTC
Then I gambled it to 0.225BTC and withdrew it, just before site went down.
I'm so clad I did withdraw it.

[DolanDuck]

Then I gambled it to 0.225BTC and withdrew it, just before site went down.
I'm so clad I did withdraw it.

You were really lucky, btw I wonder how can a gambling site go 50btc down, some whale had 2 minutes of fun and took all the wins out?

[Minnlo]

Possibly everydice.com but atm their site seems to be down. I get a plain page w a message that they are under maintenance.

Very interesting... They are 50BTC down?
They must have had someone come along and clean them up.

A lot happened.
The site was over 150 btc down before the site was down, and the owners may have decided to run away with all the money...

[Minnlo]

btw I wonder how can a gambling site go 50btc down, some whale had 2 minutes of fun and took all the wins out?

Here is what happened (claimed by the owners).

http://www.everydice.com/

Dear Players and Investors,

First of all we are sorry for the inconvenience. Currently EveryDice is down for maintenance and security check due to recent case. Please be patient while we are working hard to solve this issue as fair as possible.

To avoid misunderstanding, up until now we do not make any statement that our site seed and server has been breached or accusing a player is cheating, it is a possibility but we are still under internal investigation. Please do not make assumption and getting provoked by other users. Our most priority at the moment is to protect database and access to our server, then after everything is settled, we will set the site up with enabled withdrawal but disabled roll.

Regards,
Ed

--
Summary of case development:

22 May 2014

    Max Win around 2 - 3 BTC.
    Player 1DiCe1 deposited 2.6 BTC.
    Player 1DiCe1 won ~141 BTC (22 May 2014 net) and causing site profit to go down from +95 BTC to -46 BTC.
    Player 1DiCe1 automatic withdrawal of 6 BTC and manual withdrawal of 50 BTC (total of 56 BTC).

23 May 2014

    Player 1DiCe1 deposited 6 BTC to recover from ~92 BTC and ~52 BTC losses.
    Player 1DiCe1 won ~51 BTC (23 May 2014 net).
    Site got DDoSed and getting really slow.
    Player 1DiCe1 automatic withdrawal 5 BTC.

24 May 2014

    Player 1DiCe1 won ~24 BTC.

25 May 2014

    Max Win around 1 - 2 BTC.
    Account 1DiCe1 and P-4747 are locked from rolling after new player P-4747 won additional ~50 BTC (so far P-4747 has not contacted us).

28 May 2014

    As an operator of the site, again I'm really sorry for the inconvenience and delayed investigation. Cold wallets are currently under control of our major investor (as you can see our bankroll grows in substansial amount in the second day of launch). The major investor will be able to release the coin only after investigation is confirmed and finished.

For anyone who is interested, bet log is available here.

[Holdaaja]

Then I gambled it to 0.225BTC and withdrew it, just before site went down.
I'm so clad I did withdraw it.

You were really lucky, btw I wonder how can a gambling site go 50btc down, some whale had 2 minutes of fun and took all the wins out?

Actually he didn't even get all his money yet, site wen't down before that.
And he played several days and several hour every day.

[ondratra]

Well it seems they have been hacked Because when playing in casino with understanding(= using) of Kelly's factor and house edge, their is higher chance you lose everything than that you double your initial 'chips'.

So profit 2500% and so is VERY UNLIKE without cheating!

[Holdaaja]

Well it seems they have been hacked Because when playing in casino with understanding(= using) of Kelly's factor and house edge, their is higher chance you lose everything than that you double your initial 'chips'.

So profit 2500% and so is VERY UNLIKE without cheating!

But it is possible.
Remember nakova?

[ondratra]

Well it seems they have been hacked Because when playing in casino with understanding(= using) of Kelly's factor and house edge, their is higher chance you lose everything than that you double your initial 'chips'.

So profit 2500% and so is VERY UNLIKE without cheating!

But it is possible.
Remember nakova?

Sure, but probability of 1 player heaving supersupersuper lucky day tho days in row + another player having lucky day is under my treshold of believing it - i would do what every dice did - turn off the page (or better make it read only) and investigate where the breach could happen. The question is what to do when no breach is found pitty situation that would be -> leading to throwing out the project

[dooglus]

Well it seems they have been hacked Because when playing in casino with understanding(= using) of Kelly's factor and house edge, their is higher chance you lose everything than that you double your initial 'chips'.

So profit 2500% and so is VERY UNLIKE without cheating!

But it is possible.
Remember nakova?

Sure, but probability of 1 player heaving supersupersuper lucky day tho days in row + another player having lucky day is under my treshold of believing it - i would do what every dice did - turn off the page (or better make it read only) and investigate where the breach could happen. The question is what to do when no breach is found pitty situation that would be -> leading to throwing out the project

It is unlikely, but not super unlikely for a lucky player to destroy a site's bankroll.  I tried warning the ED admin that his maximum bet was too high to be safe.  I think they had a house edge of 0.99% and a max bet of 1% of their bankroll.  That's asking for trouble.  Bear in mind that nakowa's biggest play was after we had reduced the max profit from 1% of bankroll to 0.5%.  It didn't stop him from winning.

Even now at Just-Dice.com, with the max profit being just 0.5% of the bankroll we still often see players 100x their initial deposit by being lucky.  Most of them give it back eventually, but occasionally we'll get a player who knows when to stop withdrawing a massive profit.

[ondratra]

Well it seems they have been hacked Because when playing in casino with understanding(= using) of Kelly's factor and house edge, their is higher chance you lose everything than that you double your initial 'chips'.

So profit 2500% and so is VERY UNLIKE without cheating!

But it is possible.
Remember nakova?

Sure, but probability of 1 player heaving supersupersuper lucky day tho days in row + another player having lucky day is under my treshold of believing it - i would do what every dice did - turn off the page (or better make it read only) and investigate where the breach could happen. The question is what to do when no breach is found pitty situation that would be -> leading to throwing out the project

It is unlikely, but not super unlikely for a lucky player to destroy a site's bankroll.  I tried warning the ED admin that his maximum bet was too high to be safe.  I think they had a house edge of 0.99% and a max bet of 1% of their bankroll.  That's asking for trouble.  Bear in mind that nakowa's biggest play was after we had reduced the max profit from 1% of bankroll to 0.5%.  It didn't stop him from winning.

Even now at Just-Dice.com, with the max profit being just 0.5% of the bankroll we still often see players 100x their initial deposit by being lucky.  Most of them give it back eventually, but occasionally we'll get a player who knows when to stop withdrawing a massive profit.

Exactly as you say

Formally we can even say that there is positive probability of player "destroying" casino (even very(!) small). By destroying I mean leaving it with non-significant value compared to original wealth. It closely relates to that "was there 28x 49.5% unlucky rounds in row" bet you have started in another thread. (My personal guess is it already happend more than once )

That's what I like about your just-dice - that user's are able to take such risks and take "share" of house.

[a1choi]

Well it seems they have been hacked Because when playing in casino with understanding(= using) of Kelly's factor and house edge, their is higher chance you lose everything than that you double your initial 'chips'.

So profit 2500% and so is VERY UNLIKE without cheating!

But it is possible.
Remember nakova?

Sure, but probability of 1 player heaving supersupersuper lucky day tho days in row + another player having lucky day is under my treshold of believing it - i would do what every dice did - turn off the page (or better make it read only) and investigate where the breach could happen. The question is what to do when no breach is found pitty situation that would be -> leading to throwing out the project

It is unlikely, but not super unlikely for a lucky player to destroy a site's bankroll.  I tried warning the ED admin that his maximum bet was too high to be safe.  I think they had a house edge of 0.99% and a max bet of 1% of their bankroll.  That's asking for trouble.  Bear in mind that nakowa's biggest play was after we had reduced the max profit from 1% of bankroll to 0.5%.  It didn't stop him from winning.

Even now at Just-Dice.com, with the max profit being just 0.5% of the bankroll we still often see players 100x their initial deposit by being lucky.  Most of them give it back eventually, but occasionally we'll get a player who knows when to stop withdrawing a massive profit.

Exactly as you say

Formally we can even say that there is positive probability of player "destroying" casino (even very(!) small). By destroying I mean leaving it with non-significant value compared to original wealth. It closely relates to that "was there 28x 49.5% unlucky rounds in row" bet you have started in another thread. (My personal guess is it already happend more than once )

That's what I like about your just-dice - that user's are able to take such risks and take "share" of house.

do you have a link to that thread?

[dooglus]

[...] It closely relates to that "was there 28x 49.5% unlucky rounds in row" bet you have started in another thread. (My personal guess is it already happend more than once )

That's what I like about your just-dice - that user's are able to take such risks and take "share" of house.

do you have a link to that thread?

He's talking about this.

[a1choi]

[...] It closely relates to that "was there 28x 49.5% unlucky rounds in row" bet you have started in another thread. (My personal guess is it already happend more than once )

That's what I like about your just-dice - that user's are able to take such risks and take "share" of house.

do you have a link to that thread?

He's talking about this.

awesome!  waiting to see the results of this bet.

[dooglus]

[...] It closely relates to that "was there 28x 49.5% unlucky rounds in row" bet you have started in another thread. (My personal guess is it already happend more than once )

That's what I like about your just-dice - that user's are able to take such risks and take "share" of house.

do you have a link to that thread?

He's talking about this.

awesome!  waiting to see the results of this bet.

Wait no longer...